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Nonprofiteer
← PROPEL EDUCATION

Form 990 for tax year 2022

Filed by PROPEL EDUCATION.

What the amendment changed

Compared with the return it replaced , filed 15 May 2023. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$731,270 changed to $12,655,421
Total expenses
$8,815,698 changed to $17,868,201
Contributions and grants received
$179,994 changed to $11,585,808
Grants paid
$925,843 changed to $1,457,077
Program service revenue
$541,629 changed to $950,454
Investment income
$9,647 changed to $119,159
Total assets, end of year
$32,212,884 changed to $32,011,290
Total liabilities, end of year
$3,140,338 changed to $8,151,524
Net assets or fund balances, end of year
$29,072,546 changed to $23,859,766
Program services expenses
$6,998,485 changed to $15,180,303
Management and general expenses
$1,303,656 changed to $2,430,646
Fundraising expenses
$513,557 changed to $257,252
Program service expenses (Part III)
$6,998,485 changed to $15,180,303

Listed only on the earlier return

  • Nichole Francis Reynolds

Listed only on the later return

  • Charles Gibbs
  • Cortney Harris
  • Hae-Sin Kim Thomas
  • Juanita Reynolds
  • Julie Sills Mollock
  • Lige Shao
  • Nichole Francis-Reynolds
  • Sherrie Deans

Listed under a different title

  • Lisa Doyle: VICE PRESIDENT, FINANCE then VP OF FINANCE

Totals

Total revenue
$12,655,421
Total expenses
$17,868,201
Contributions and grants received
$11,585,808
Grants paid
$1,457,077
Program service revenue
$950,454
Investment income
$119,159
Other revenue
$0
Total assets, end of year
$32,011,290
Total liabilities, end of year
$8,151,524
Net assets or fund balances, end of year
$23,859,766
Program services expenses (Part IX)
$15,180,303
Management and general expenses
$2,430,646
Fundraising expenses
$257,252
Program service expenses (Part III)
$15,180,303

Program services were 85.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,470,641

  • 1f · All other contributions, gifts and grants

    $9,115,167

  • 1g · Noncash contributions included above

    $205,680

  • 2a · Program service revenue: SERVICE FEE INCOME

    total $950,454 · related or exempt $950,454

  • 3 · Investment income

    total $119,159 · excluded $119,159

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,012,288 · program services $1,012,288

  • 2 · Grants to domestic individuals

    total $444,789 · program services $444,789

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,230,582 · program services $1,059,610 · management and general $143,145 · fundraising $27,827

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $5,225,630 · program services $4,499,601 · management and general $607,860 · fundraising $118,169

  • 8 · Pension plan contributions

    total $74,167 · program services $63,863 · management and general $8,627 · fundraising $1,677

  • 9 · Other employee benefits

    total $523,871 · program services $451,087 · management and general $60,938 · fundraising $11,846

  • 10 · Payroll taxes

    total $411,438 · program services $354,274 · management and general $47,860 · fundraising $9,304

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $1,001,025 · management and general $1,001,025

  • 11c · Fees: accounting

    total $43,386 · management and general $43,386

  • 11d · Fees: lobbying

    total $24,000 · management and general $24,000

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $1,072,749 · program services $756,028 · management and general $255,332 · fundraising $61,389

  • 12 · Advertising and promotion

    total $1,235,571 · program services $1,206,699 · management and general $11,550 · fundraising $17,322

  • 13 · Office expenses

    total $76,977 · program services $51,733 · management and general $24,465 · fundraising $779

  • 14 · Information technology

    total $423,938 · program services $342,895 · management and general $81,043

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $592,409 · program services $592,383 · management and general $26

  • 17 · Travel

    total $709,210 · program services $672,971 · management and general $29,798 · fundraising $6,441

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $813,990 · program services $785,054 · management and general $28,936

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $503,944 · program services $453,550 · management and general $50,394

  • 23 · Insurance

    total $0

  • 24a · Other expenses: PROGRAM, PRODUCT DESIGN & DEV

    total $1,679,517 · program services $1,679,406 · management and general $111

  • 24b · Other expenses: SCHOOL IMPROVEMENTS

    total $591,710 · program services $591,710

  • 24c · Other expenses: INSTRUCTIONAL DEVICES & EQUIP

    total $177,010 · program services $162,362 · management and general $12,150 · fundraising $2,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $17,732,503 · end of year $18,537,778

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $7,500,000 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,213,385 · end of year $830,294

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $74,317 · end of year $19,650

  • 10a · Land, buildings and equipment: cost or other basis

    $7,078,205

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,089,583

  • 10c · Land, buildings and equipment, net

    beginning of year $5,192,679 · end of year $5,988,622

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $500,000 · end of year $6,634,946

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,040,690 · end of year $1,787,937

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $99,648 · end of year $6,363,587

  • 27 · Net assets without donor restrictions

    beginning of year $1,988,314 · end of year $1,264,803

  • 28 · Net assets with donor restrictions

    beginning of year $27,084,232 · end of year $22,594,963

Mission and programs · 2022

Mission

PROPEL EDUCATION (D/B/A "ED FARM") EQUIPS EDUCATORS IN SCHOOLS AND COMMMUNITIES WITH INNOVATIVE TOOLS AND STRATEGIES THAT SUPPORT ACTIVE LEARNING FOR ALL STUDENTS. PROPEL HAS A MISSION TO PROVIDE HBCU STUDENTS WITH THE KNOWLEDGE, SKILLS, TOOLS AND RESOURCES NECESSARY TO TRANSFORM OUR NATION'S TALENT PIPELINE AND WORKFORCE. ED FARMS PROVIDES PLACE-BASED AND VIRTUAL INSTRUCTIONAL SERVICES, RESOURCES, TECHNOLOGY AND WORKFORCE READINESS TRAINING TO INDIVIDUALS OF ALL AGES. PROGRAMS ARE INTENDED FOR K-12 EDUCATORS & STUDENTS, COLLEGE STUDENTS, FACULTY & STAFF, UN- OR UNDER-EMPLOYED ADULT LEARNERS, AS WELL AS EDUCATION TECHNOLOGY INNOVATORS AND ENTREPRENEURS. PROPEL CONNECTS HBCU STUDENTS WITH INDUSTRY PARTNERS.

Activities or mission (Part I)

EDUCATION FARM ("ED FARM") EQUIPS EDUCATORS IN SCHOOLS AND COMMMUNITIES WITH INNOVATIVE TOOLS THAT SUPPORT ACTIVE LEARNING FOR ALL STUDENTS.

  • K-12 EDUCATIONAL SUPPORT: TEACHER FELLOWS PROGRAM: SCHOOL DISTRICT LEADERS AND ADMINISTRATORS PARTNER WITH ED FARM TO IDENTIFY EDUCATORS WHO ARE PASSIONATE ABOUT INNOVATIVE TEACHING AND LEARNING. THESE EDUCATORS FORM AN ANNUAL COHORT KNOWN AS "TEACHER FELLOWSED FARM EQUIPS THEM WITH INNOVATIVE RESOURCES AND TEACHING STRATEGIES THAT SUPPORT ACTIVE LEARNING FOR ALL STUDENTS. TEACHER FELLOWS ALSO COLLABORATE WITH ONE ANOTHER AND PROVIDE PROFESSIONAL LEARNING EXPERIENCES FOR OTHER TEACHERS IN THEIR SCHOOLS AND DISTRICTS. STUDENT FELLOWS PROGRAM: MIDDLE AND HIGH SCHOOL STUDENTS PARTICIPATE IN YEAR-LONG, CHALLENGE-BASED LEARNING EXPERIENCES DESIGNED TO SOLVE REAL COMMUNITY PROBLEMS. AT THE BEGINNING OF EACH EXPERIENCE, COMMUNITY LEADERS IDENTIFY A CHALLENGE AND INVITE STUDENT FELLOWS TO SOLVE IT DURING THE SCHOOL YEAR. STUDENTS WORK TOGETHER TO INVESTIGATE THE CHALLENGE, BUILD DIGITAL SKILLS AND CREATE ACTIONABLE SOLUTIONS. STUDENT FELLOWS PRESENT THEIR SOLUTIONS TO THE COMMUNITY AT THE END OF THE YEAR.

    Expenses $5,334,716 · Revenue $585,893

  • COMMUNITY DIGITAL SKILLS GRANTS: FUNDS 'KIDS CODING'BIRMINGHAM CAN CODE' PROGRAMS WHICH ENCOURAGE, INSPIRE AND IGNITE CHILDREN AND ADULTS TO DISCOVER AND EXPLORE TECHNOLOGY, LEARN TO CODE AND PURSUE STEM CAREERS. GRANTS SERVE TO HELP ED FARM ACHIEVE ITS GOALS OF EXPANDING THE REGION'S TECHNOLOGY ECOSYSTEM. PATHWAYS: FREE COURSES FOR ADULT LEARNERS THAT TEACHES DIGITAL SKILLS, APP CODING, EMPLOYABILITY SKILLS AND POST-SECONDARY CREDENTIAL ATTAINMENT.

    Expenses $223,952 · Grants $1,422,076 · Revenue $364,561

  • PROPEL: PROPEL CENTER IS IN THE PLANNING PHASES. IT IS A PHYSICAL AND VIRTUAL CAMPUS TO PROVIDE HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCU) WITH SHARED SERVICES TO SUPPORT THEIR WORK OF PREPARING LEADERS WHO IMPROVE OUR WORLD. VIA A PHYSICAL CAMPUS AND DIGITAL LEARNING TOOLS, STUDENTS FROM ALL 101 HBCUS WILL CONNECT WITH THE BRIGHTEST MINDS IN THE WORLD, BE GIVEN GLOBAL OPPORTUNITIES AND DEVELOP INTO CIVIC-MINDED LEADERS AND ENTREPRENEURS.

    Expenses $9,145,180 · Grants $35,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Sherrie Deans

    CHIEF OPERATING OFFICER

    Total calculated
    $615,385
    From this org
    $603,185
    From related orgs
    $0
    Other
    $12,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $328,878
    Bonus
    $0
    Other
    $274,307
    Deferred
    $12,200
    Nontaxable benefits
    $469
    Filer's total
    $615,854

  • Waymond Jackson

    PRESIDENT

    Total calculated
    $338,568
    From this org
    $338,568
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $187,828
    Bonus
    $150,740
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $338,568

  • Juanita Reynolds

    SENIOR VICE PRESIDENT

    Total calculated
    $303,238
    From this org
    $294,941
    From related orgs
    $0
    Other
    $8,297
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $222,641
    Bonus
    $0
    Other
    $72,300
    Deferred
    $7,997
    Nontaxable benefits
    $833
    Filer's total
    $303,771

  • Charles Gibbs

    PRESIDENT OF HBCU CONSORTIUM

    Total calculated
    $302,595
    From this org
    $281,468
    From related orgs
    $0
    Other
    $21,127
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,968
    Bonus
    $500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,992
    Filer's total
    $303,460

  • Hae-Sin Kim Thomas

    PRESIDENT OF PATHWAYS

    Total calculated
    $268,140
    From this org
    $246,100
    From related orgs
    $0
    Other
    $22,040
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,600
    Bonus
    $500
    Other
    $0
    Deferred
    $7,161
    Nontaxable benefits
    $15,458
    Filer's total
    $268,719

  • Cortney Harris

    SVP OF IMPACT & PROGRAMS

    Total calculated
    $194,267
    From this org
    $183,364
    From related orgs
    $0
    Other
    $10,903
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,864
    Bonus
    $500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,583
    Filer's total
    $194,947

  • Lisa Doyle

    VP OF FINANCE

    Total calculated
    $173,264
    From this org
    $161,936
    From related orgs
    $0
    Other
    $11,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,436
    Bonus
    $17,500
    Other
    $0
    Deferred
    $4,728
    Nontaxable benefits
    $7,222
    Filer's total
    $173,886

  • Julie Sills Mollock

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $170,540
    From this org
    $164,219
    From related orgs
    $0
    Other
    $6,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,219
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,838
    Filer's total
    $171,057

  • Lige Shao

    VP OF GROWTH

    Total calculated
    $162,400
    From this org
    $155,996
    From related orgs
    $0
    Other
    $6,404
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,996
    Bonus
    $0
    Other
    $15,000
    Deferred
    $6,404
    Nontaxable benefits
    $402
    Filer's total
    $162,802

  • Eugene Wade

    CEO

    Total calculated
    $53,959
    From this org
    $53,959
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Anthony Oni

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Jay Brandrup

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Hudson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lamell McMorris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Myla Calhoun

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nichole Francis-Reynolds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3
THE BOARD OF DIRECTORS LOOKS AT THE CURRENT MARKET SALARY ANALYSIS FOR EACH OF THE OFFICERS IN THE ORGANIZATION AND MAKES RECOMMENDATIONS TO COMPENSATE THE EMPLOYEES ACCORDINGLY.
SCHEDULE J, PART I, LINE 4A
SHERRIE DEANS AND JUANITA REYNOLDS RECEIVED SEVERANCE PAYMENTS AFTER THEIR EMPLOYMENT ENDED.
SCHEDULE J, PART I, LINE 7
BONUS PAYMENTS ARE AWARDED AND DETERMINED BY PERFORMANCE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PROPEL CENTER LLC

    SUPPORT · AL · income $0 · assets $0

    Directly controlled by ED FARM

  • PROPEL BUILD LLC

    SUPPORT · AL · income $0 · assets $0

    Directly controlled by ED FARM

  • ED FARM LLC

    SUPPORT · AL · income $0 · assets $0

    Directly controlled by ED FARM

  • ED FARM OPERATIONS LLC

    SUPPORT · AL · income $0 · assets $0

    Directly controlled by ED FARM

  • PROPEL HOLDINGS LLC

    SUPPORT · GA · income $0 · assets $0

    Directly controlled by ED FARM

  • PROPEL OPERATIONS LLC

    SUPPORT · GA · income $0 · assets $0

    Directly controlled by ED FARM

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349307027

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